Black Market – Johnson's Russia List

RUSSIALINK: “How Big Is Russia’s Shadow Economy and Why Does It Matter? The informal labor market is a window into the country’s wider economy.” – Moscow Times

October 29, 2019 JRL Russia List Politics, Government, Protests, Elections

(Moscow Times – themoscowtimes.com – Jake Cordell – October 29, 2019) Jake covers business & economics for The Moscow Times. The black labor market in Russia is shrinking as fewer people try to keep their work off the books and their wages away from the taxman. So said a recent survey by the Russian Presidential Academy of National Economy and […]

Russia’s Shadow Economy Large, Diverse and Disputed

August 30, 2019 JRL Russia List Economy, Business, Investment, Trade

(Paul Goble – Window on Eurasia – Staunton, August 28, 2019) Keeping track of the size of economic activity intended by those who engage in it to be off the books is not easy in any country, and it is especially difficult in Russia where, in many cases, senior officials are actively involved in or dependent on it and thus […]

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Leave a comment Black Market, Business, Economy, Government, Russia, Russian News, Shadow Economy, Slider

RUSSIALINK: “Russia’s ‘Shadow Economy’ Is Nearly 13% of GDP, Reports Say” – Moscow Times

August 29, 2019 JRL Russia List Economy, Business, Investment, Trade

(Moscow Times – themoscowtimes.com – August 29, 2019) More than $175 billion had circulated in Russia’s shadow economy in 2017, according to the latest available official data analyzed by the RBC news website on Thursday. Russia’s State Statistics Service (Rosstat) defines the shadow economy as off-the-books salaries, unofficial employment and informal sales, but not criminal activity. Financial authorities say the […]

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Leave a comment Black Market, Business, Corruption, Economy, GDP, Shadow Economy, Slider

RUSSIALINK: “Russia’s Black Market Totaled 20% of GDP in 2018 – Reports” – Moscow Times

February 25, 2019 JRL Russia List Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade

(Moscow Times – themoscowtimes.com – February 22, 2019) The size of Russia’s shadow economy was equal to 20 percent of the GDP last year, media reported Friday, citing the Rosfinmonitoring state financial watchdog. The watchdog recorded 20.7 trillion rubles ($315.9 billion) in undeclared imports and income taxes, as well as under-the-table salaries and other suspicious transactions, in 2018, the RBC […]

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Leave a comment Black Market, Corruption, Crime, Economy, Rosfinmonitoring, Russia, Russian News, Slider, Workers

NEWSLINK: “Implausible Deniability: Novichok Victim Dies: Did the Kremlin Really Lose Control of its Deadliest Poisons? The real question is where does the Russian criminal state end and the criminal underworld begin, and how do they work together in what amounts to a new murder incorporated?” – Daily Beast/Amy Knight

July 9, 2018 JRL Russia List Assassinations, Beatings, Threats, Britain, UK, United Kingdom, Corruption, Law, Police, Courts, Crime, Media, Internet, Social Media, Television, Newslinks

Artist Rendition of Barrel with Poison Symbol on It, Oozing Green Material

“… Dawn Sturgess and Charlie Rowley visited … Salisbury and somehow ingested the exotic nerve agent used in the poisoning of Russian defector Sergei Skripal and his daughter …. Sturgess died. … a 44-year-old mother of three. … the police now have a murder case on their hands. The masterminds of the Skripal attack, at least, are thought to be […]

Nearly 40 Percent of Russian Economy Still in Shadow Sector

July 3, 2017 JRL Russia List Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade

(Paul Goble – Window on Eurasia – Staunton, July 2, 2017) According to the international Association of Chartered Certified Accountants, 39.3 percent of the Russian economy remains in the shadow sector, making Russia one of the leaders in this regard and meaning that 35.55 trillion rubles (600 billion US dollars) of economic activity there are off the books and not […]

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Leave a comment Black Market, Corruption, Economy, Gray Market, Russia, Russian News, Shadow Economy, Slider

Shadow Economy, Rural Self-Sufficiency Allowing Russia to Weather Sanctions, New Study Finds

June 2, 2015 JRL Russia List Agriculture, Economy, Business, Investment, Trade, Sanctions

Diverse Paper Currency, Coins, Line Graph

(Paul Goble – Window on Eurasia – Staunton, May 31, 2015) Russia’s shadow economy and the self-sufficiency of Russians living outside of the major cities of the country “have allowed Russia to survive the crisis and the introduction of sanctions without large losses, according to five-year-long study of provincial society carried out by sociologists at Moscow’s Higher School of Economics. […]

RIA Novosti: 15-20% of Russians Work in Shadow Economy

January 17, 2014 JRL Russia List Economy, Business, Investment, Trade

MOSCOW, January 17 (RIA Novosti) Up to a fifth of Russians work in a shadow economy that does not generate adequate tax payments, the country’s labor minister said Friday. “Fifteen to 20 percent of citizens” work jobs that do not provide proper tax and social security payments to the government, Maxim Topilin told an economic forum in Moscow. “I […]

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Leave a comment Black Market, Crime, Economy, Government, Gray Market, Russia, Russian News, Taxes